Roadstar Infra Investment Trust
Incorporated in 2020, Roadstar Infra Investment Trust is a SEBI-registered Infrastructure Investment Trust.[1]
- Market Cap ₹ 2,778 Cr.
- Current Price ₹ 61.0
- High / Low ₹ 70.0 / 50.0
- Stock P/E
- Book Value ₹ 82.9
- Dividend Yield 8.69 %
- ROCE 2.62 %
- ROE -5.59 %
- Face Value ₹ 100
Pros
- Company has reduced debt.
- Stock is trading at 0.74 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -2.09% over last 3 years.
- Earnings include an other income of Rs.411 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| 434 | 688 | 930 | 1,157 | 1,145 | |
| Sales growth | +59% | +35% | +24% | -2% | |
| 233 | 258 | 382 | 692 | 819 | |
| Operating Profit | 201 | 430 | 548 | 464 | 326 |
| OPM % | 46% | 62% | 59% | 40% | 28% |
| 15 | 49 | 57 | 52 | 411 | |
| Interest | 211 | 290 | 352 | 419 | 392 |
| Depreciation | 116 | 210 | 266 | 348 | 359 |
| Profit before tax | -111 | -21 | -13 | -250 | -15 |
| Tax % | 5% | -9% | -13% | 10% | |
| -116 | -19 | -11 | -273 | -25 | |
| EPS in Rs | -0.08 | -5.87 | -0.55 | ||
| Dividend Payout % | 0% | 0% | -11,582% | -87% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 76% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| Last Year: | -6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 2,541 | 3,744 | 4,555 | 4,409 | 4,291 |
| Reserves | -33 | 73 | 37 | -490 | -514 |
| 2,196 | 2,850 | 3,669 | 3,306 | 2,679 | |
| 140 | 186 | 1,199 | 1,173 | 1,151 | |
| Total Liabilities | 4,844 | 6,853 | 9,459 | 8,397 | 7,608 |
| 3,855 | 4,987 | 7,044 | 6,375 | 6,688 | |
| CWIP | 0 | 0 | 399 | 472 | 0 |
| Investments | 59 | 64 | 332 | 46 | 170 |
| 929 | 1,803 | 1,684 | 1,505 | 750 | |
| Total Assets | 4,844 | 6,853 | 9,459 | 8,397 | 7,608 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 317 | 625 | 757 | 849 | |
| 384 | 38 | -258 | 226 | |
| -667 | -637 | -581 | -1,071 | |
| Net Cash Flow | 34 | 27 | -83 | 4 |
| Free Cash Flow | 317 | 625 | 703 | 797 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 160% | 147% | 140% | 185% |
Ratios
Consolidated / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 11 | 2 | 5 | 4 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 11 | 2 | 5 | 4 |
| Working Capital Days | -63 | 119 | 26 | -16 |
| ROCE % | 5% | 5% | 3% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Barwa Adda Expressway Completion % ・Standalone data |
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| Number of SPVs (Operational Assets) Number |
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| Toll Collection CAGR % |
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| Traffic CAGR % |
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| Average Daily Toll Collections Growth % |
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| Average Operational Track Record (Toll Roads) Years |
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| Levied Penalties (Maintenance related) Rs. crore |
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| Semi-Annuity Receipts Count Number |
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| Toll Rate Hike CAGR % |
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| Major Maintenance Reserves (MMR) Rs. crore |
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Extracted by Screener AI
Documents
Announcements
-
Reg 23(5)(i): Disclosure of material issue
- Roadstar InvIT filed Sep 30, 2026 valuation report; NAV at Rs. 99.33 per unit.
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Reg 23(5)(i): Disclosure of material issue
- Board approved Q2/H1 FY2026 financial results and September 30, 2026 asset valuation.
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Reg 23(5)(i): Disclosure of material issue
- KFin Technologies changes corporate office address effective 1 December 2026.
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Reg 23(5)(i): Disclosure of material issue
- Roadstar Infra Trust approved ₹2,753 crore borrowing for refinancing; documents executed on November 2, 2026.
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Reg 23(5)(i): Disclosure of material issue
- Board meets November 5, 2026 to approve Q2 and half-year FY2026-27 financial results.
Annual reports
No data available.
Business Overview:[1]
RIIT is an irrevocable trust established under the Indian Trusts Act and registered with SEBI as an Infrastructure Investment Trust
a) Sponsor:
RIPL, a subsidiary of IL&FS Transportation Networks Limited (ITNL)
b) Investment Manager:
Roadstar Investment Managers Limited
c) Project Manager:
Elsamex Maintenance Services Ltd.
d) Trustee:
Axis Trustee Services Limited